Primerica Inc. Reports Strong Fiscal Growth in 2025

Primerica, Inc., a dominant entity in the financial services and insurance industry, showcased notable fiscal growth in 2025. The company's net income surged to $751.2 million, reflecting a remarkable 60% increase from the prior year, while total revenues experienced a 7% rise, reaching $3.3 billion. Notably, the firm's pre-tax income amounted to $974.6 million, demonstrating a 4% uptick alongside income from continuing operations.

In the realm of insurance underwriting, Primerica's net premiums climbed to $1.8 billion, marking a 3% growth. Commissions and fees jumped 18% to $1.3 billion, and net investment income rose 7% to total $167.2 million. Meanwhile, total benefits and expenses expanded to $2.3 billion, propelled by a 20% rise in sales commissions to $686.9 million and an 8% increase in the amortization of deferred acquisition costs (DAC), which reached $322.9 million.

Tax and Segment Performance

The company's effective tax rate dipped slightly to 22.9%, benefiting from transferable federal income tax credits. Within the Term Life Insurance segment, revenues grew 3% to $1.8 billion, and income before taxes mirrored this growth, totaling $621.1 million. The face amount in force remained robust at $967.6 billion, closing the year with significant new issuances and policy terminations.

The Investment and Savings Products division reported a revenue increase of 18% to $1.2 billion. The pre-tax income in this segment also rose, reaching $355.5 million. Total product sales jumped 24% to $14.9 billion, driven by substantial contributions from U.S. retail mutual funds, annuities, and managed investments. By year's end, client asset values soared to $128.9 billion, supported by a 13% rise in average asset values. Additionally, Primerica's divestiture of its Senior Health business in late 2024 resulted in a discontinued-operations loss of $249.6 million, affecting that fiscal year's financial outcomes.